#CryptoRoundTableRemarks Bitcoin at $105,000 amid tariff reductions between the U.S. and China and the SEC roundtable

The roundtable will begin with opening remarks from Chairman Paul Atkins, along with SEC Commissioners Caroline Crenshaw, Mark Uyeda, and Hester Peirce.

Bitcoin reached a new high of $105,231.94 on Monday after the United States and China agreed to temporarily reduce tariffs on their respective products. This move helped ease tensions between the two countries and boosted global markets.

Bitcoin rose by 1.51% in the last 24 hours. Its market capitalization reached $2.09 trillion, and the 24-hour trading volume increased by almost 6%, reaching $47.040 billion.

According to a joint statement released in Geneva, both parties will reduce tariffs over the next 90 days to allow more time for negotiations. The United States will reduce import tariffs from 145% to 30%, including those related to fentanyl. In exchange, China will lower its tariffs from 125% to 10% on U.S. products. The temporary cuts will take effect on May 14.